ADA/USDT – 1H – SELLAdditionally a ‘Rising Wedge Chart Pattern’ chart layout is discovered. The formation shows ‘Rising Wedge Chart Pattern’. this is a bearish pattern signal. The pair is likely to go down.
The pair Cardano/Tether (ADA/USDT) jumps from the bullish trendline downwards
The bearish trend downwards to the next support level at 0.904500000 will persist.
Caution: A possible change in the direction of the resistance level at 0.987800000 should be noted.
In case of a trade, appropriate stop-loss settings should be considered.
Additionally a ‘Tweezers Top’ candle pattern is existing. The candles show ‘Tweezers Top’. this is a bearish chart scenario. The pair is likely to go down. According to the Encyclopedia of Candlestick Charts by Thomas N. Bulkowski, the likelyhood of ‘Tweezers Top’ heading down is 56% (Bull Market) & 55% (Bear Market).
| Support & Resistance | Price Range* |
|---|---|
| 3rd High | |
| 2nd High | 1.019300000 |
| Next High | 0.987800000 |
| Current Price | 0.920100000 |
| Next Low | 0.904500000 |
| 2nd Low | 0.901100000 |
| 3rd Low | 0.878100000 |
0.987800000 – 0.977700000 – 0.964300000 – 0.904500000 – 0.901100000 – 0.910700000 — 40.259401101308 – 38.090329102499
Trading Signals: CRYPTO – ADA – ADA/USDT – USDT – Tweezers Top – Rising Wedge Chart Pattern – –